Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Paradex−0.068%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Paradex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.068%, 7d avg +0.002%

Together, before fees+0.094%+ Points / potential airdropParadex: Active · Pacifica: Active · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.070% cheaper against Paradex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5203	0.0100	pay 0.0100% / 8h	7h 57m	$474K	$55K	50x
Short	Pacifica XRP	1.5193	0.0100	get 0.0013% / 1h	57m 09s	$611K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee PacificabpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → +0.002%: −$7.01
Slippage, 4 orders: −$11.65
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$30.67
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Paradex: live order book, 42 min ago; Pacifica: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex live order book, 42 min ago	4.93 bp	6.9 bp −$7	145.0 bp −$1,450	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	0.33 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5200	−0.021%	$14.7M	$73.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5188	−0.100%	$5K	$3K	20x	as long as short
Phemex XRPUSDT	−0.0029%	8h	1.5200	−0.021%	$54.1M	$32.5M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5186	−0.111%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	−0.015%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5205	+0.012%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.347%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5173	−0.199%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5204	+0.005%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5205	+0.012%	$606K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5196	−0.047%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5187	−0.110%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5203	−0.001%	$38.6M	$86.0M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5193	−0.068%	$611K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5205	+0.010%	$530.8M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5206	+0.018%	$353.2M	$949.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5208	+0.031%	$127.4M	$864.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	−0.186%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5207	+0.025%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.090%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5206	+0.018%	$378.6M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5209	+0.038%	$312.1M	$910.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5207	+0.024%	$106.5M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5204	+0.005%	$269.7M	$389.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5206	+0.018%	—	$108.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.235%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5175	−0.182%	$659K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	−0.096%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5173	−0.199%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5200	−0.022%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	+0.005%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5205	+0.014%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5203	−0.001%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5172	−0.202%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5198	−0.032%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5200	−0.021%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	−0.008%	$49.6M	$15.3M	75x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5203	long leg	$474K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5195	−0.057%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5200	−0.021%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0112% / S −0.0075%	1h	1.5203	−0.005%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5206	+0.018%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5207	+0.025%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5202	−0.008%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0198%	1h	1.5218	+0.097%	$290.6M	$268.3M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5204	+0.005%	$23.7M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5197	−0.043%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0286%	1h	1.5218	+0.097%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5209	+0.040%	$522K	$795K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.153%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0568%	1h	1.5187	−0.103%	$2K	$16K	10x	as long as short